Locate the types of errors involved in the following transactions.1. P

1.	Locate the types of errors involved in the following transactions.1. Purchased goods for 10,000 debited to furniture a/c.2. Carriage paid Rs. 1,000 debited to carriage a/c as Rs. 100.3. Amount received from Rajesh Rs. 1,800 has not been entered in the books of accounts.
Answer» 1. Error of principle 2. Error of commission 3. Error of omission

Locate the types of errors involved in the following transactions.1. Purchased goods for 10,000 debited to furniture a/c.2. Carriage paid Rs. 1,000 debited to carriage a/c as Rs. 100.3. Amount received from Rajesh Rs. 1,800 has not been entered in the books of accounts.

Answer»

1. Error of principle

2. Error of commission

3. Error of omission

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Locate the types of errors involved in the following transactions.1. Purchased goods for 10,000 debited to furniture a/c.2. Carriage paid Rs. 1,000 debited to carriage a/c as Rs. 100.3. Amount received from Rajesh Rs. 1,800 has not been entered in the books of accounts.

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